Happy Saturday friends! Quite a week its been!
Let’s dive in!
As always… stats/alerts/etc at top and tweets/news/links/videos/etc at bottom… and all tweets are hyperlinked so just click on them to pull them up on Twitter!
Market Update
Crypto (from @CryptoBubbles):
Total Crypto Market Cap: $3.93T
QQQ (Nasdaq 100): $561.26
Gold: $3,347.90
Oil (WTI): $67.34
US 10Y Treasury: 4.42%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The AI x Crypto meta has been a bit quiet lately, however a ton of building is taking place beneath the surface, and Cod3x -aka @Cod3xOrg - is at the heart of it!
Cod3x was founded by well-respected defi veteran @0xBebis_, and they have been cooking hard and iterating at the frontiers of the AI agent space!
In the new video below Bebis lays out exactly what the Cod3x tech stack involves, and the variety of ways it can assist on-chain crypto users!
Check it out below, and make sure to follow the @Cod3xOrg account on Twitter for more updates, and stay tuned as we keep shining a light on everything Cod3x is doing!
Biggest TVL Movers + Other Interesting Data
Chains are mixed today. Fastest-growing chains with at least $50M TVL on the weekly are Goat, Hedera, and Stellar.
Protocols are also mixed today. Fastest-growing protocols with at least $50M TVL on the weekly are Avalanche dex Blackhole, Eth/HyperEVM synthetics protocol Rumpel Labs, and PulseChain’s PulseX.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top Protocols By TVL (from @DefiLlama):
Here’s The Top 10 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Top Yield Opportunities
(Note! This section is brought to you by our Official Sponsor @upshift_fi! We will include some of their top yield opportunities below as well some of the top ones from sorting on @DefiLlama (single-exposure, no-IL, $25M+ TVL) - note: the DefiLlama ones are just pulled from the raw data, so make sure to always DYOR!)
-21.00% APY on Sylva concentrated liquidity strategy - managed by Sylva(dot)money - with additional 5x Bonus Points - via Upshift (click here)
-18.00% APY on Injective USDT strategy - managed by MNNC Group - with additional 5x Bonus Points - via Upshift (click here)
-15.00% APY on the August Mezo tBTC strategy - managed by August Digital - with additional 5x Bonus Points - via Upshift (click here)
-10.20% APY on rsETH strategy - managed by Edge UltraYield - with additional 5x Bonus Points - via Upshift (click here)
-8.70% APY on USDC lending strategy - managed by August Digital - with additional 5x Bonus Points - via Upshift (click here)
-Varied and massive HyperEVM airdrop exposure on Hyperbeat Ultra HYPE vault - managed by Edge UltraYield - with additional 5x Bonus Points - via Upshift (click here)
-16.38% APY on SUSDE on Echelon Market (on Aptos) h/t DefiLlama research
-15.96% on STUSR on Resolv h/t DefiLlama research
-15.99% APY on USDS on Yearn h/t DefiLlama research
-13.49% APY on USDC on Stream Finance h/t DefiLlama research
-9.55% APY on USDC on Goldfinch h/t DefiLlama research
-8.03% APY on GHO on Aave V3 h/t DefiLlama research
Check out the full list of Upshift yield opportunities here or by clicking the banner below!
New Projects
(note: this includes new projects we find through combing Twitter each day and going through newly launched protocols added by @DefiLlama, limited primarily to new projects that have at least some TVL or are followed by at least some of our mutuals… Disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @Gaba_Labs. Twitter bio states “The risk layer of DeFi. GABA unifies wallet positions, liquidation risk, and real-time PnL into one secure interface.” Followed by 3 of our mutuals. h/t @helincesxyz:
-Something new called @saguarocrypto. Twitter bio states “Cloudflare for Solana: Onchain, composable, transparent permissions.” Followed by 4 of our mutuals. h/t @twindoges:
-Something new called @TheDeep_xyz has been added to @DefiLlama, categorized as a multichain liquidity manager. Twitter bio states “Dive into DeFi on @inkonchain”. Followed by 3 of our mutuals.
Important News And Analysis
-Increasing speculation on whether the Fed will cut rates at their upcoming July 29th meeting, h/t @FedGuy12:
-Altcoin Season Index currently sitting at 49, h/t @TheDeFinvestor:
-Lots of focus on ‘ETH Beta’ right now, also h/t @TheDeFinvestor:
-Coinbase App Store ranking jumped over the last few days, h/t @DaanCrypto:
-Volumes on @orca_so up 100% in past month, h/t @tokenterminal:
-Latest @truflation real-time inflation numbers:
-$COIN/Coinbase now among the top 100 biggest stocks in the S&P 500 and the 176th biggest US stock overall, h/t @Dilnewm:
-AI-fueled employment crisis among new graduates is getting more and more attention, h/t @unusual_whales:
-Much continued debate on the finer points of HyperEVM farming, example below from @katexbt:
-Topic of market makers in crypto continues to generate much discussion, example from @cobie yesterday that catalyzed large amount of debate:
-Is Sunday afternoon the time to go long? h/t @LDNCryptoClub:
-New Forward Guidance video featuring @fejau_inc, @qthomp, @Tyler_Neville_, and guest @agnostoxx:
-New episode of @0xSteadyLads featuring guests @santiagoroel and @goodalexander:
-New @Jesseeckel video on the current crypto/macro landscape:
-New video on alt season from @patfscott:
-New weekly roundup from @BanklessHQ:
-New Digital Assets News livestream (aired 15 hours ago):
-Parting sentiments from @Matt_Hougan:
Conclusion
Happy Saturday friends! Don’t forget to touch some grass this weekend!
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Sponsor are the only parts of The Daily Degen that are sponsored/promotional. Everything else is chosen 100% organically based on what info/stories/etc seem likely to be the most newsworthy/important/valuable to readers.